Circular trading under GST
Circular Trading under GST The present article explains the term circular trading with example and also highlights the consequence of circular trading under GST. Understanding the term ‘Circular...
View ArticleGeM Incident Management
GeM Incident Management The Government of India (GoI) introduced Government e-Market (GeM), an online portal to procure goods and services from different government departments, organisations,...
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GST eWay Bill Portal Blocked
GST eWay Bill Portal Blocked The Government of India has introduced a restriction on the generation of e-way bills. The restriction applies to assessees who have defaulted in filing GSTR-3B for two...
View ArticleGST Relief for ITeS
GST Relief for ITeS Information Technology enabled Services (ITeS) are services which involve back office and remote maintenance operations. These services also include call centres and data processing...
View ArticleGST on Intellectual Property Rights
GST on Intellectual Property Rights Intellectual property is a type of property which includes intangible creations of human intelligence (human brain). Some of the most famous types of intellectual...
View ArticleGST on Horse Racing
GST on Horse Racing The current article provides a brief understanding with regard to the applicability of Goods and Service Tax (GST) on betting, horse racing etc. Value of supply in case of Betting,...
View Article38th GST Council Meeting
38th GST Council Meeting The much-awaited 38th GST Council Meeting is set to get its stage on 18th December 2019. The GST Council will be chaired by the Finance Minister Nirmala Sitharaman, later in...
View ArticleGST on Free of Cost Supplies
GST on Free of Cost Supplies Being a customer, many a time we are very much concerned about the free of cost supplies being offered with the product or services. Such free of cost supplies are offered,...
View ArticleGST on Third-Party Exports
GST on Third-Party Exports A third party export is a transaction in which the assessee makes an export through another person. Third-party exports are eligible for concessional rates of GST. The...
View ArticleGST Evasion using Dummy Invoices
GST Evasion using Dummy Invoices The GST Investigation wing has issued an SOP on detecting and tackling dummy invoice fraud to the GST Council. The usage of dummy invoices and tackling of the same by...
View ArticleGST Changes in Budget 2020
GST Changes in Budget 2020 The Finance Minister, Shri. Nirmala Sitharaman presented the Budget 2020-21 on 1st February 2020. The present article highlights the Budget Speech relating to Goods and...
View ArticleGST Form CMP-02
GST Form CMP-02 The Government has released an advisory dated 18th February 2020 to file Form GST CMP-02 for Opting-in Composition Scheme for Financial Year 2020-21. The Composition Scheme was...
View Article39th GST Council Meeting
39th GST Council Meeting The 39th GST Council Meeting was conducted on 14th March 2020 under the leadership of the Finance Minister of India. The meeting discussed various issues to be resolved for...
View ArticleCoronavirus – GST Filing Due Date Extension
Coronavirus – GST Filing Due Date Extension Coronavirus or COVID-19 is playing havoc on the global economy leading to crashes in stock market, unemployment, demand slump, etc., Small and medium sized...
View ArticleCoronavirus – Due Dates Extension
Coronavirus – Due Dates Extension On account of the shutdown in India due to Coronavirus, the Government has extended various compliance due dates. The announcement for the extension was made by the...
View ArticleCancellation of Order – GST Refund Procedure
Cancellation of Order – GST Refund Procedure To address the issues brought forward by the taxpayers on account of disruption and cancellation of orders on account of COVID-19, the Central Board of...
View ArticleFiling of NIL FORM GSTR-3B return via SMS
Filing of NIL FORM GSTR-3B return via SMS To ease up the return filing process under GST, recently, the Government rolls out the facility of filing of NIL FORM GSTR-3B return through Short Message...
View Article40th GST Council Meeting
40th GST Council Meeting The Goods and Service Tax (GST) council held its 40th GST council meeting, via video conferencing, on 12th June 2020. The meeting was held under the Chairmanship of the Finance...
View ArticleGST E-Invoice Under New GST Return System 2020
GST E-Invoice Under New GST Return System 2020 Provisions relating to the GST invoice is discussed under Rule 46 of Chapter VI of CGST Rules 2017. Every supplier with a GST registration in India needs...
View ArticleLevy of GST on the Director’s Remuneration
Levy of GST on the Director’s Remuneration The levy of Goods and Service Tax (i.e., GST) on the director’s remuneration has been a subject matter of dispute. Additionally, some of the recent advance...
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